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AXA IM's Rosenberg Equities appoints Kathryn McDonald as head of sustainable investing

Thursday, July 13, 2017
Opalesque Industry Update - AXA Investment Managers' (AXA IM) Rosenberg Equities today announces the appointment of Kathryn McDonald as Head of Sustainable Investing as part of their commitment to integrating ESG (environmental, social and governance) considerations into all of AXA IM Rosenberg Equities' portfolios by the end of 2017.

Kathleen Houssels, Global CIO of AXA IM Rosenberg Equities, commented: "From a primarily economic perspective, we see ESG data as a natural complement to the traditional financial statement information that forms the backbone of our views on companies. Our research shows that ESG factors can be an incremental source of value add and risk reduction. ESG information is naturally long-term and therefore fits well with our fundamental investment philosophy."

Heidi Ridley, CEO of AXA IM Rosenberg Equities, commented: "We believe the winners of the future will be well-run companies that successfully adapt to tomorrow's challenges. We are confident that Kathryn's expertise in the subject matter and our close working partnership with AXA IM's Responsible Investment team will help us to successfully reach our ESG ambitions.

"The move to full ESG integration by AXA IM Rosenberg Equities is fully in line with AXA IM's overarching convictions and commitment to investing responsibly. We are excited to lead the way in further embedding ESG across AXA IM's investment processes and strategies."

AXA IM Rosenberg Equities will work closely with AXA IM's Responsible Investment team to leverage their quantitative and qualitative ESG insights and systematically include these in portfolio construction. The ESG information will be treated as complementary to traditional financial information gathered by the Rosenberg team from the analysis of thousands of companies. AXA IM Rosenberg Equities has been managing portfolios that take into account ESG factors since the mid-1990s starting with a focus on exclusions which then developed in line with the responsible investing industry to offering truly integrated ESG portfolios that are as much focused on upside potential and inclusion as risk mitigation or downside risk.

Kathryn has over 20 years of experience in the asset management industry. She joined AXA IM in 1999 and has held several positions including Director of Investment Strategy, Senior Strategist for Emerging Markets and Asia ex-Japan and Head of Investments for Australia/New Zealand. Prior to joining AXA IM, Kathryn was a consultant with MSCI Barra.

Kathryn McDonald, Head of Sustainable Investing at AXA IM Rosenberg Equities, said: "I am convinced that Rosenberg's commitment to expanding its use of ESG information in our investment process will allow us to truly speak to the evolving needs of investors and I'm excited to play a central role in making this happen."

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